Fashion industry: year-on-year sales growth in Spain 2008-2024
In 2023, the year-on-year sales growth rate in the Spanish fashion industry further recovered from the stark decline it experienced in 2020. While 2021 still registered negative results, with -13.1 percent year-over-year growth in sales volume, in 2022 and 2023, numbers amounted to 13.8 and 2.8 percent.
The fashion industry in Spain has fluctuated slightly since 2008, reaching peak YoY growth in 2022, with a 13.8 percent change compared to the previous year. Provisional data indicates that 2024 sales figures will amount to slightly less than the previous year. In terms of apparel sales, Inditex is by far the largest fashion company by revenue contributing to Spain's fashion industry.
Inditex: the Spanish fashion giant
The Spanish clothing multinational, and owner of brands like Zara and Pull & Bear, generated more than 32 billion euros in 2022. This represents a notably higher turnover than other leading fashion retailers of the Mediterranean country, such as Mango or Tendam (Cortefiel). In fact, the fashion enterprise was positioned second on the list of leading apparel and accessories retailers in the world based on its sales, only outranked by the American TJX.
Inditex, H&M, and Primark: leaders in fashion retailing in Spain
Inditex has been a leading force in Spain's fashion industry for over a decade at least, holding a market share of over 67 percent in terms of main clothing brands in Spain in 2015. The Dublin-based clothing company Primark ranked second, with a market share of 14.2 percent. In recent year, on the other hand, the leading clothing retailers Inditex, H&M, and Primark held a combined market share of 60 percent in Spain.
The fashion industry in Spain has fluctuated slightly since 2008, reaching peak YoY growth in 2022, with a 13.8 percent change compared to the previous year. Provisional data indicates that 2024 sales figures will amount to slightly less than the previous year. In terms of apparel sales, Inditex is by far the largest fashion company by revenue contributing to Spain's fashion industry.
Inditex: the Spanish fashion giant
The Spanish clothing multinational, and owner of brands like Zara and Pull & Bear, generated more than 32 billion euros in 2022. This represents a notably higher turnover than other leading fashion retailers of the Mediterranean country, such as Mango or Tendam (Cortefiel). In fact, the fashion enterprise was positioned second on the list of leading apparel and accessories retailers in the world based on its sales, only outranked by the American TJX.
Inditex, H&M, and Primark: leaders in fashion retailing in Spain
Inditex has been a leading force in Spain's fashion industry for over a decade at least, holding a market share of over 67 percent in terms of main clothing brands in Spain in 2015. The Dublin-based clothing company Primark ranked second, with a market share of 14.2 percent. In recent year, on the other hand, the leading clothing retailers Inditex, H&M, and Primark held a combined market share of 60 percent in Spain.
